Insurance mandates raise costs

10:35 AM,
Jun. 9, 2014

Written by

Dance Aoki
Pacific Daily News

Since January, some island residents have been paying 37 to 52 percent more for health insurance policies because of requirements mandated by the federal Affordable Care Act.

Insurance companies and the island's insurance commissioner told lawmakers during an informational briefing at the Legislature yesterday that residents who have purchased a new insurance plan since January have had to pay much more for coverage because insurance companies are now required to cover costlier services.

Jeffrey Larsen, president of TakeCare, told lawmakers that a few customers have already been ...